What makes this particularly disturbing is not any single crisis, but the disappearance of slack between them. Complex systems rarely collapse because one component fails; they collapse when every mechanism designed to absorb failure is already under pressure elsewhere. Food, energy, shipping, debt, currency and speculative capital are not parallel vulnerabilities but interdependent ones, each capable of amplifying the next. The system has mistaken efficiency for resilience…. and may now discover the difference under conditions in which there is no margin left for error.